{"id":23487,"date":"2021-01-04T07:01:16","date_gmt":"2021-01-04T07:01:16","guid":{"rendered":"http:\/\/www.banglanewsus.com\/english\/?p=23487"},"modified":"2021-01-04T07:01:16","modified_gmt":"2021-01-04T07:01:16","slug":"mgm-resorts-looking-to-buy-ladbrokes-owner-entain","status":"publish","type":"post","link":"https:\/\/www.banglanewsus.com\/english\/2021\/01\/04\/mgm-resorts-looking-to-buy-ladbrokes-owner-entain\/","title":{"rendered":"MGM Resorts ‘looking’ to buy’ Ladbrokes owner Entain"},"content":{"rendered":"
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US casino giant MGM Resorts is looking to buy British gaming company Entain, according to media reports.<\/b><\/p>\n<\/div>\n<\/div>\n

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The move is the latest attempt by a casino operator to move into the online gambling business.<\/p>\n<\/div>\n<\/div>\n

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UK-based Entain is the owner of bookmaker Ladbrokes, as well as a number of online sports betting and gambling sites.<\/p>\n<\/div>\n<\/div>\n

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MGM and Entain (formerly known as GVC) did not immediately respond to a BBC request for a comment on the reports.<\/p>\n<\/div>\n<\/div>\n

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Entain recently rebuffed a $10bn (\u00a37.3bn) all-cash offer from MGM, according to the Wall Street Journal, which first reported the story.<\/p>\n<\/div>\n<\/div>\n

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Along with Ladrokes, FTSE 100-listed Entain also owns sports-betting site Bwin and online gaming group Partypoker.<\/p>\n<\/div>\n<\/div>\n

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It describes itself as “one of the world’s largest sports betting and gaming groups operating in the online and retail sector.”<\/p>\n<\/div>\n<\/div>\n

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Last month, Entain renamed itself from GVC Holdings. Other brands the $9bn group owns include Coral, Eurobet, Gala and Foxy Bingo.<\/p>\n<\/div>\n<\/div>\n

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The new bid comes with financial backing from MGM’s largest shareholder, InterActiveCorp (IAC), which took a 12% stake in MGM Resorts last August.<\/p>\n<\/div>\n<\/div>\n

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At the time, IAC’s chief executive Barry Diller said IAC planned to work with MGM to expand its online gambling portfolio.<\/p>\n<\/div>\n<\/div>\n

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The exact details and value of the new bid could were not known, according to the Wall Street Journal.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

US casino giant MGM Resorts is looking to buy British gaming company Entain, according to media reports. The move is the latest attempt by a casino operator to move into the online gambling business. UK-based Entain is the owner of bookmaker Ladbrokes, as well as a number of online sports betting and gambling sites. MGM and Entain (formerly known as GVC) did not immediately respond to a BBC request for a comment on the reports.   Entain recently rebuffed a $10bn (£7.3bn) all-cash offer from MGM, according to the Wall<\/p>\n","protected":false},"author":4,"featured_media":23488,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[30,12],"tags":[],"_links":{"self":[{"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/posts\/23487"}],"collection":[{"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/comments?post=23487"}],"version-history":[{"count":1,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/posts\/23487\/revisions"}],"predecessor-version":[{"id":23489,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/posts\/23487\/revisions\/23489"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/media\/23488"}],"wp:attachment":[{"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/media?parent=23487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/categories?post=23487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/tags?post=23487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}